2003sqm Joint Venture Lekki Foreshore Waterfront Land

2003sqm Joint Venture Lekki Foreshore Waterfront Land - 1
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Price Analysis Above Market

Based on 282 similar listings

Market Demand

High Demand

Details

Type
Residential Land
Title
Certificate of Occupancy, Governor's Consent
Address
Leki Foreshore waterfront
Agent Fee
₦ 10
Facilities
Car Parking, Domestic Sewage, Electric Supply, Gas Supply, Rain Water Drainge, Water Supply
Listing by
Agent
Access Road
Paved Road
Property Use
Residential
Square meters
2,003 sqm
Type of Purchase
Outright Price
Development Status
Fully Developed

2003sqm Joint Venture Lekki Foreshore Waterfront Land Highlights

  • Prime Lekki Foreshore Location: Properties in this area offer desirable waterfront access and proximity to key amenities. Lekki Foreshore is known for its developing infrastructure and potential for appreciation.
  • Generous Land Size: A plot of 2003 sqm provides ample space for various development options. This size is suitable for building a substantial family home or multiple units, depending on zoning regulations.
  • Established Utilities: Access to essential utilities like water supply, electric supply, and domestic sewage is crucial for residential development. These services ensure a comfortable and functional living environment.
  • Paved Road Access: Good road networks, including paved access, are vital for convenient transportation and accessibility. This ensures ease of movement for residents and delivery services.
  • Residential Zoning: Land designated for residential use is intended for housing. This typically means it's suitable for building homes, apartments, or townhouses, contributing to a community.
  • Certificate of Occupancy & Governor's Co: These titles are important legal documents that confirm ownership and the right to occupy and develop the land. They are key for secure property transactions.

Description

• Prime 2,003sqm waterfront plot in Lekki Phase 1, ideal for joint venture development. • Owner willing to contribute 1,000sqm for a 50/50 sharing formula with a serious developer. • Land value is NGN 1.8 billion, with a non-refundable premium of NGN 50 million. • Proposed development: 17 units of 1, 2, and 3-bedroom flats with a 1.5-year construction timeline. • Title is Governor's Consent, offering clear ownership for development. • Facilitator's fee is 10% of land value, negotiable. • Strong rental demand and excellent development economics in a prestigious residential location.

Compare

2003sqm Joint Venture Lekki Foreshore Waterfront LandThis item
2003sqm Joint Venture Lekki Foreshore Waterfront Land
₦ 1,800,000,000
939sqm Land for Sale, Osborne Ikoyi Lagos
939sqm Land for Sale, Osborne Ikoyi Lagos
₦ 2,300,550,000
5013sqm JV Plots of Land in Gwarinpa
5013sqm JV Plots of Land in Gwarinpa
₦ 2,000,000,000
TypeResidential LandResidential LandMixed-use Land
FacilitiesCar Parking, Domestic Sewage, Electric Supply, Gas Supply, Rain Water Drainge, Water SupplyCar Parking, Electric Supply, Water Supply—
TitleCertificate of Occupancy, Governor's ConsentGovernor's Consent—
AddressLeki Foreshore waterfrontOsborne Ikoyi LagosGwarinpa
Agent Fee₦ 10₦ 5—
Listing byAgentAgent—
Access RoadPaved RoadPaved Road—
Property UseResidentialResidentialMixed
Square meters2,003 sqm939 sqm5,013 sqm
Type of PurchaseOutright PriceOutright PriceOutright Price
Development StatusFully DevelopedFully Developed—
Price₦ 1,800,000,000₦ 2,300,550,000₦ 2,000,000,000

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